Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME)
Ministry of Food Processing Industries
PMFME gives individual micro food processing enterprises a credit linked capital subsidy of 35% of project cost, up to Rs 10 lakh per unit. Self Help Groups get seed capital of Rs 40,000 per member, up to Rs 4 lakh per group, plus branding and marketing support.
Key facts
- Nodal ministry
- Ministry of Food Processing Industries
- Level
- Central and State
- Launched
- 2020
- Last date
- Open all year.
What you get
A credit linked capital subsidy of 35 percent of the eligible project cost, up to Rs 10 lakh per unit, for individual micro food processing enterprises. Self Help Groups get seed capital of Rs 40,000 per member, up to Rs 4 lakh per group, plus branding and marketing support.
Who is eligible
Existing individual micro food processing units, FPOs, Self Help Groups, cooperatives and NGOs, generally following the One District One Product approach. Individual applicants must be above 18 with at least 8th standard education.
Documents you need
Aadhaar, PAN, bank account, business registration proof, project report, caste certificate if applicable
How to apply
Register as an applicant on the PMFME portal, select the relevant category, fill the application and upload the project proposal. The proposal is processed by the district resource person and forwarded to the bank for subsidy sanction.
Frequently asked questions
Who is eligible for PMFME subsidy?
Existing individual micro food processing units, FPOs, Self Help Groups, cooperatives and NGOs, generally following the One District One Product approach.
How much subsidy does PMFME give an individual unit?
A credit linked capital subsidy of 35% of the eligible project cost, up to a maximum of Rs 10 lakh per unit.
What does PMFME give to Self Help Groups?
Seed capital of Rs 40,000 per member, up to Rs 4 lakh per group, for working capital and small tools.
How do I apply for PMFME?
Register as an applicant on the PMFME portal, select your category, and submit a project proposal for bank appraisal.
Which ministry runs PMFME?
The Ministry of Food Processing Industries runs PMFME with an outlay of Rs 10,000 crore targeting 2 lakh enterprises.